According to Yi He, “a significant amount of money” was lost when X.com users were tricked by an impersonation scam.
Elon Musk’s X.com isn’t doing enough to prevent the proliferation of cryptocurrency scams on the social media platform. That’s the apparent sentiment from Binance co-founder Yi He, who took to the app recently to question whether its billionaire owner would address the problem.
Yi He’s concern was brought up in reference to a purported impersonation scam running on the X platform. She posted images showing accounts which were blatant imitations of both her X handle (@heyibinance) and her proper name.
According to the Binance executive, one specific impersonation scam directed users to click on a link purported to give access to Binance-backed memecoins. Yi He was quick to point out that no such coins have been issued and that clicking the link could result in loss of funds:
